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REKO DIQ

Barrick to restart Reko Diq; penalty to be waived

Pakistan resolves longstanding dispute with Tethyan Copper Company (TCC) concerning the development of copper and gold mines in Chagai, popularly known as the Reko Diq dispute

Updated 21 Mar, 2022 12:11pm

Centre to bear all financial burden of Reko Diq: PM

ISLAMABAD: Prime Minister Imran Khan Wednesday said the federal government would bear all of the financial burden of...

Published 31 Dec, 2021 04:10am

Business & Finance

Federal govt to bear all expenses of Reko Diq development: PM

Says this will help usher in an era of prosperity for the people and province of Balochistan

Published 30 Dec, 2021 12:45pm

‘Out-of-court settlement with TCC is still not out of question’

ISLAMABAD: Federal Minister for Law and Justice Barrister Farogh Naseem said on Wednesday that an out-of-court...

Published 27 May, 2021 03:40am

BVI high court unfreezes PIA assets

ISLAMABAD: In a major development, High Court in the British Virgin Islands has unfrozen the Pakistan International...

Published 26 May, 2021 03:45am

Business & Finance

Tethyan Copper Company legal team to visit Pakistan

the Civil Aviation Authority allowed the legal team to visit Pakistan and at the request of the Attorney General's Office, the Director Air Transport issued the permit.

Published 09 Feb, 2021 10:39am

Pakistan

NAB Balochistan recovers looted Rs7bn

In order to remove loopholes in the laws, rules and regulations of the government department as many as 5 reform committees have been set.

Published 02 Jan, 2021 12:49am

Pakistan

Mining company TTC approaches Virgin Islands court for enforcement of Reko Diq award against Pakistan

The Tethyan Cooper Company (TCC) approached the High Court of Justice in the British Virgin Islands for the enforcement of the $5.97 billion award against Pakistan
Office of the Attorney General for Pakistan says Pakistan is vigorously contesting these proceedings using all available legal resources

Updated 24 Dec, 2020 06:50pm

Markets

Pakistan in talks with Tethyan Copper to resolve $5.8 bn dispute

The World Bank’s International Centre for Settlement of Investment Disputes (ICSID) last year ordered Pakistan to pay damages of $5.84 billion to Tethyan Copper

Published 13 Nov, 2020 12:19pm

Pakistan

Reko Diq reference: NAB arrests two accused

ISLAMABAD: The National Accountability Bureau (NAB) has claimed to have arrested two accused in Reko Diq reference ...

Updated 06 Nov, 2020 03:31am

Business & Finance

Reko Diq Case: NAB unearths corruption to the tune of billions

In a statement, the spokesperson revealed that serious irregularities were also found in the allotment of land and other matters by the officials of the finance department, and the accused also confessed to taking financial benefits in this regard.

Published 05 Nov, 2020 11:11am

Opinion

Don’t create another Reko Diq

Not only has Business Recorder op-ed writer Ali Khizar appropriately diagnosed the condition of K-Electric, he has...

Published 07 Oct, 2020 02:54am

Business & Finance

World Bank’s ICSID grants Pakistan stay on $6bn penalty in Reko Diq case

This is a success for Pakistan and its legal team said Attorney General for Pakistan’s office in a statement.

Updated 18 Sep, 2020 04:01pm

Business & Finance

WB’s ICSID considering Pakistan’s appeal to reverse $6bn penalty in Reko Diq case

The World Bank's ICSID on July 13, 2019, announced 700-page judgment regarding $5.976 billion (Rs 944.21 billion) award against Pakistan in the Reko Diq case.

Published 07 Sep, 2020 01:55pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 6	278.40
USD PKR Interbank Buying / May 6	278.20
USD to Japanese Yen / May 6	153.92
USD to Swiss Franc / May 6	0.91
Pound Sterling to USD / May 6	1.25
Euro to USD / May 6	1.08

Stock	Volume
S&P 500 / May 3	5127.79
Tokyo Nikkei / May 3	38236.07
Nasdaq / May 3	16156.33
FTSE 100 / May 3	8213.49
Dow Jones / May 3	38675.68
India Sensex / May 6	74134.73
Hang Seng / May 6	18465.58
Germany DAX 30 / May 6	18032.07

Item	Value
Petrol/Litre / May 6	288.49
Crude Oil USD/Barrel / May 6	78.37
Karachi Cotton PKR/37.32 KG / May 6	19935
Gold 10 Grams PKR / May 6	206190
Gold Spot USD/Ounce / May 6	2311.29
Diesel/Litre / May 6	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 6 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 6 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 6 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 6 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 6 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 6 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 6 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 6 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 6 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 6 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 6 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 6 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 6 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 6 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 6 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 6 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 6 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 6 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 6 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 6 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 6 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 6 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 6 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 6 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 6 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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